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Local Private Group Acquires Retail Center In Lawrenceville For $23.4 Million With Michael Bauer As Seller

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SOLD
$23,400,000

Georgia

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Retail273,023 SF
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SOLD

Local Private Group Acquires Retail Center In Lawrenceville For $23.4 Million With Michael Bauer As Seller

2100 Riverside Parkway

See Similar Deals
Retail273,023 SF
Sold
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Summary

GEORGIA
Asset Type:Retail
Price Per Square Foot:$85
Total Square Footage:273023 SF
Transaction Type:Sale

The asset involved in the transaction is a retail property located at 2100 Riverside Parkway, Lawrenceville, GA. The property was sold for $23,400,000, encompassing a total square footage of 273,023, which equates to a price per square foot of $85.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $23,400,000
  • Square Footage: 273,023
  • Price Per Square Foot: $85
  • Seller: Michael Bauer
  • Buyers: Local, Private Group
  • Brokers: Liam Rowan & Tyler Baughman - Sands Investment Group
  • Sellers: Bash Capital, America's Realty, & Dragonfly Investments
  • Assets Sold: Part of a larger Grocery-Anchored Shopping Center Portfolio
  • Closed with first buyer under contract
  • Multiple offers sourced during first week of pre-market campaign

This transaction features key individuals from Sands Investment Group, with Liam Rowan representing the seller in this deal, reachable at 404.369.4352 or via email at [email protected]. The buyers have been identified as a local private group, noted for their intention to write the next chapter for River Exchange.

Players

Tyler Baughman
2 deals$28.4M volume(404) 383-3172
BROKER

Liam Rowan
Sands Investment Group
2 deals$28.4M volume(404) 369-4352
BROKER

Details

SOLD
IMAGE: Tyler Baughman, Liam Rowan & Michael Bauer DATE: 3/4/2026 ADDRESS: 2100 Riverside Parkway MARKET: Lawrenceville, GA ASSET TYPE: Retail SELLER: Michael Bauer BROKERS: Liam Rowan & Tyler Baughman - Sands Investment Group (@SandsInvestmentGroup) SALE PRICE: $23,400,000 SF: 273,023 ~ PPSF: $85 NOTE FROM BROKER: Part of a larger Grocery-Anchored Shopping Center Portfolio coming soon. Reach out to broker representing the seller, Liam Rowan (404.369.4352 / [email protected]), for more information. Sellers: Bash Capital, America's Realty, & Dragonfly Investments Buyers: Local, Private Group, will be an excellent steward to write the next chapter for River Exchange Highlights: - Sourced multiple offers during first week of pre-market campaign - Closed with first buyer under contract

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,248,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$83,135.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$110,927.94
Annual Debt Service$1,331,135.26